In Ukraine, the EIB, together with the EBRD, the IFC and some export credit agencies, is financing the company Myronivsky Hliboproduct Pjsc (MHP), controlling all aspects of the poultry production chain, with an €82 million loan.
Being among the three main suppliers of poultry to the EU, the company has virtually grown into a monopoly in Ukraine, and has long been under the spotlight for the local impacts of its activities on the environment, public health and water resources. Affected communities have also denounced pressure by the company to cease their land, as explained in our new infographic.
Yet, European public banks are still considering funding MHP, which is now slated for a further €100 million loan by the EBRD.
Civil society has called on the bank to refrain from lending again to the poultry giant, in the name of the company’s dirty track-record.
A call to EBRD Directors to refrain from granting another loan to Ukrainian poultry producer MHPDownload
Check out the other "Development in Reverse" episodes:
Episode 1: Ombudsman bashes EIB for mishandling a mining fiasco
Episode 2: The Mombasa Road
Episode 3: the Nepal Marsyangdi Corridor